F&G Annuities & Life, Inc. (NYSE:FG) Position Increased by Millennium Management LLC

Millennium Management LLC grew its stake in F&G Annuities & Life, Inc. (NYSE:FG - Free Report) by 311.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 50,443 shares of the company's stock after acquiring an additional 38,185 shares during the period. Millennium Management LLC's holdings in F&G Annuities & Life were worth $2,090,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Castlekeep Investment Advisors LLC acquired a new position in shares of F&G Annuities & Life in the fourth quarter valued at approximately $72,007,000. Dimensional Fund Advisors LP grew its holdings in shares of F&G Annuities & Life by 11.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 413,202 shares of the company's stock valued at $17,123,000 after purchasing an additional 42,081 shares in the last quarter. Norges Bank acquired a new position in shares of F&G Annuities & Life in the fourth quarter valued at approximately $14,321,000. Bank of New York Mellon Corp grew its holdings in shares of F&G Annuities & Life by 8.7% in the fourth quarter. Bank of New York Mellon Corp now owns 256,267 shares of the company's stock valued at $10,620,000 after purchasing an additional 20,559 shares in the last quarter. Finally, Ancora Advisors LLC grew its holdings in shares of F&G Annuities & Life by 1.5% in the fourth quarter. Ancora Advisors LLC now owns 247,287 shares of the company's stock valued at $10,248,000 after purchasing an additional 3,634 shares in the last quarter. 95.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Barclays dropped their price objective on shares of F&G Annuities & Life from $41.00 to $40.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. Stephens restated an "equal weight" rating and issued a $47.00 price objective on shares of F&G Annuities & Life in a report on Monday, February 24th.

F&G Annuities & Life Stock Up 1.7%

Shares of NYSE:FG traded up $0.54 during trading hours on Thursday, reaching $32.94. The stock had a trading volume of 227,504 shares, compared to its average volume of 147,483. F&G Annuities & Life, Inc. has a 1 year low of $30.10 and a 1 year high of $50.75. The firm's 50 day moving average is $33.65 and its 200-day moving average is $39.77. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.25 and a current ratio of 0.25. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of 6.79 and a beta of 1.84.

F&G Annuities & Life (NYSE:FG - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.19 by ($0.47). The business had revenue of $2.18 billion for the quarter, compared to analysts' expectations of $1.46 billion. F&G Annuities & Life had a return on equity of 14.14% and a net margin of 11.12%. Research analysts predict that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current fiscal year.

F&G Annuities & Life Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend is Monday, June 16th. F&G Annuities & Life's payout ratio is 23.34%.

Insider Activity

In other F&G Annuities & Life news, CEO Christopher O. Blunt bought 15,000 shares of the stock in a transaction on Thursday, May 15th. The stock was purchased at an average price of $30.78 per share, for a total transaction of $461,700.00. Following the completion of the purchase, the chief executive officer now directly owns 889,964 shares in the company, valued at approximately $27,393,091.92. This trade represents a 1.71% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Celina J. Wang Doka bought 3,000 shares of the stock in a transaction on Tuesday, March 25th. The shares were acquired at an average price of $35.24 per share, with a total value of $105,720.00. Following the purchase, the director now owns 20,875 shares of the company's stock, valued at $735,635. The trade was a 16.78% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 4,575,000 shares of company stock worth $153,673,720. Corporate insiders own 2.10% of the company's stock.

F&G Annuities & Life Company Profile

F&G Annuities & Life, Inc engages in the provision of fixed annuity and life insurance products. It specializes in life insurance, annuities, retirement planning and wealth transfer. The company was founded in 1959 and is headquartered in Des Moines, IA.